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Is it Smart to Borrow From Your 401(k)

According to the National Bureau of Economic Research, in 2015, 20 percent of Americans have an  outstanding loan balance on their 401(k) and 37 percent have had loans in the past five years. Ten percent of those borrowers defaulted and a whopping 86 percent of borrowers left their company with an outstanding balance, according to…

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Emergency Budget

There are many Americans who are not saving and, for these people, even a small unexpected expense will likely cause a financial setback. A survey of 1,000 Americans by Bankrate said nearly 60 percent of Americans would not be able to pay an unexpected emergency expense from their savings. Forty-five percent of those surveyed said…

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Planning for Health Care expenses in Retirement

What’s the best way to wreck your retirement budget? How about unexpected medical expenses? Ask any financial planner and, he or she will likely say that most couples are not prepared for the financial disruption that could come with an expected or catastrophic illness. Twenty-eight percent of Americans said their greatest fear in retirement is…

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Latest News

Funding Unexpected Healthcare Costs in Retirement With an Immediate Long-Term Care Annuity

What Is Your Immediate Annuity Exclusion Ratio and How Can It Impact Your Retirement Tax Burden?

Retirement Planning Through Life’s Stages

Understanding Annuity Riders: Should You Consider Including Them In Your Retirement Strategy?

What the 2016 Federal Reserve Bond Interest Rates May Mean for Fixed Annuities in the Long Term

The Pros and Cons of Accepting the Lump Sum Payment of an Annuity Buyout Offer

Financial Planner Designations and Annuity Licenses: Is Your Retirement Professional Qualified?

Claiming Strategies for Social Security, and Resources to Consider

Joint Life Annuity Explained: When Could a Single Life Annuity Be the Better Choice for Married Retirees?

How the Difference Between a Captive and Independent Insurance Agent Affects Your Retirement Plan

Need Out of Your Annuity Contract? What Retirees Should Know About Surrender Periods and Charges

Before You Do Any Retirement Planning, You Must First Do a Budget

Addressing the Bipartisan Budget Act of 2015 Pension Changes With Supplemental Retirement Annuities

Retirement Risks: Handling the Unexpected Cost of Mental Health Treatment

How the 2016 Fiduciary Rule Could Affect How You Pay for Retirement Advice

Worried About Outliving Your Retirement Savings? How a Longevity Annuity Could Help

Family Communication and Financial Planning

Retirement Tax Strategies: How to Choose Between Qualified vs. Non-Qualified Annuities

What Makes an Annuity An Insurance Product and What That Means for Your Retirement Risk Exposure

Insurance Company Ratings Help You Choose an Annuity Provider That Won’t Go Bust

Retiring or Changing Jobs? Consider Using Your 401(k) to Buy an Annuity

Consider an Inflation-Adjusted Annuity to Prepare for Cost of Living Changes in Retirement

How an Annuity Can Supplement Your Social Security Payments for Retirement

How Deferred Annuities Can Help Retirees Cover Home Health Care Costs

Are Fixed Index Annuities a Good Candidate for Your Retirement Plans?

Beware the High Fees and Surrender Charges of Bonus Annuities

Should I Change My Retirement Plan After Receiving an Inheritance?

How to Supplement Your Underfunded Retirement Plan Late in Life

Uncover 401(k) Fees and Calculate Your Expense Ratio to Save More for Retirement

Need to Increase Your Retirement Savings Contributions? Auto-Escalation Can Help

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Why don’t some small business owners save for retirement?

The people who own and run small businesses are busy – extremely. They have a lot to worry about  — payroll, rent and trying to bring in new contracts. And, on top of that, it seems they are constantly recruiting and hiring. What they might not make time for is preparing for retirement. And that’s…

Women and Retirement

  When it comes to retirement planning, American women often face a unique set of problems. And those problems can threaten to leave many women short on savings, and, thus, in danger of running out of money in retirement. Those problems are meticulously outlined in a new report, “Sixteen Facts About Women’s Retirement Outlook,” from…

Beware of these “Retirement Shocks”

Retirement is a time of major change, and for most of us and usually requires major adjustments. First is the challenge of figuring out how to spend your day, after getting up each morning for however many years to make that early-morning commute to your job. Then there’s the fact that you are no longer…

Don’t let your grown kids ruin your retirement

A third of Baby Boomers – or eight million households — still support their children, according to Hearts & Wallets, a financial research company. The survey, Dissecting the Baby Boomers, also says Boomers who support adult children are 25 percent more likely to have heightened financial anxiety than their peers and they are the most…

Biggest Mistakes Couples Make

A successful marriage is all about communication. So, it make sense that the same can be said about a successful retirement. Retirement planning is tough enough, but when it comes to couples some of the biggest mistakes can be related to the lack of communications, according to the financial planners surveyed for the 2015 Fidelity…

Coming Up Short for Retirement

This is for the people headed towards retirement and coming up short in their savings. According to a 2016 survey  , from GoBankingRates, 23% of Americans have saved less than $10,000 and a third have saved nothing for retirement. Another survey, by TIAA-CREF, says the number one regret of people approaching retirement is that they wished…

Year-end Retirement Savings Tips

Here we are, once again, in the midst of people’s favorite holidays. Between Christmas and New Year’s, it’s time for good food, visiting friends and relatives, gifts, and of course, popping champagne. It’s also time for New Year’s resolutions (which most people forget about by February anyway). It’s the perfect time to assess your financial…

Protecting Pre-Retirees and Retirees from Scams

Washington, D.C. — Recent arrests in the U.S. and India should put a big dent in the one of the biggest scams affecting pre-retirees and retirees – the IRS scam. The U.S. Treasury Department says nearly two million Americans have been targeted by scammers impersonating IRS officials, with 12,000 to 13,000 people submitting complaints every…

Five Things Retirees May Forget to Plan For

Rodney Brooks Retirement is tough enough, but it can be really tough for the people who did little or no planning. It’s tough enough even for those who do plan for retirement. After all, there is much to consider. Which means that there could be a possibility for some people to either forgot something or…

Jul 1, 2016

Why Selling Fixed Annuities for a Cash Lump Sum May Not be a Good Choice

You may have seen the commercials on TV about selling your annuity for cash. This is a business format that’s about as old as annuities themselves. These companies will offer to buy a stream of future payments that your annuity provides from you in exchange for a lump sum of cash. One problem is that these transactions are usually designed to make money for the company buying your annuity, rather than ensuring you get the best value for that annuity. Selling your annuity might seem like a good idea in a pinch, but in the end, it could cost a lot more than you anticipated.